Wall Street shrugs off Trump convictions

• The economy performed well during both presidencies, outside of during the pandemic's early months, and stocks reacted favorably to both of their elections.

By the numbers: The S&P 500 was up 0.8% on Friday, while the Dow rose 1.5% and the Nasdaq was basically flat. In short, no massive moves.

• All of this came in the context of new inflation data, which showed cooling after several months of stubborn staticity.
• Trump Media & Technology Group, the parent company of Truth Social, fell 5.3%.